Anyone investing in Philly/CT in 2023 (midterm rentals)

Anyone investing in Philly/CT in 2023 (midterm rentals)

New to Real Estate · Member since 2020 · 34 posts · 12 votes

Hi!

From NYC and strongly considering purchasing in multifam, mid-term rental near a university and hospital in either CT or PA to do a university/ travel nurse/ educational professionals play. My budget is up to 700k. Any tips or resources? What are numbers looking like if you're investing in this area. Thanks!

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  • Lender · Saddle Brook, NJ · Member since 2023 · 431 posts · 231 votes
    3y

    Philly has a lot to offer. Not familiar with CT. 

    If you ever had any questions about how to leverage that capital or what types of loans you could qualify for, I'd love to connect!

  • Investor · Philadelphia, PA · Member since 2019 · 618 posts · 430 votes
    3y

    I just started converting some of our Philadelphia LTRs to MTRs. I dont have large amounts of data yet but happy to talk. One think I will say is since Philly cracked down on STRs there seems to be alot more folks converting to MTRs which could put downward pressure on rental number. 

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